Home Values

94040 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,508,700

  • 8.2% 1-year change
  • 2.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in 94040 is $1,508,700. 94040 home values have gone up 8.2% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in 94040 is $740, which is higher than the Mountain View average of $653. The median price of homes currently listed in 94040 is $998,000 while the median price of homes that sold is $940,400. The median rent price in 94040 is $2,795, which is lower than the Mountain View median of $2,895.

Foreclosures will be a factor impacting home values in the next several years. In 94040 0.8 homes are foreclosed (per 10,000). This is greater than the Mountain View value of 0.3 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 94040 is 0.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 94040 homeowners underwater on their mortgage is 1.4%, which is lower than Mountain View at 2.2%.

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Relative ZHVI
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94040 Market Overview

Data through Oct 31, 2014
  • $1,508,700 ZHVI
  • 2.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $998,000 Median listing price
  • $940,400 Median sale price (Sep 30, 2014)
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94040 Market Health

Data through Oct 31, 2014
  • 9.2/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 1.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.8 homes(Sep 30, 2014) 94040
0.3 homes(Sep 30, 2014) Mountain View
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
94022 $2,764,000
94024 $2,211,500
94306 $1,905,500
Name Median ZHVI
95014 $1,549,900
94087 $1,385,900
94041 $1,214,900
Name Median ZHVI
94086 $987,800
94043 $909,200
94085 $732,900

Listings & Sales

Data through Oct 31, 2014
  • $740 Median list price / sq ft
  • $734 Median sale price / sq ft (Sep 30, 2014)
  • 6.4% Listings with price cut
2.8%
Sold below listing
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94040 Rentals

Data through Oct 31, 2014
  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,795 Rent list price
  • $3.07 Rent list price / sq ft
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